China Home Sales Are Falling Sharply
Home sales in China are seizing up as curbs on lending and worries about developers’ financial health deter house buyers, casting a pall over an industry that is central to the Chinese…
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WSJ News Exclusive | Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With…
Chinese President
Xi Jinping
is zeroing in on the ties that China’s state banks and other financial stalwarts have developed with big private-sector players,…
Chinese Developer Modern Land Asks to Delay Bond Repayment
Chinese property developer
Modern Land (China) Co.
1107 -2.11%
asked investors for permission to defer repaying a…
How Evergrande Grew and Grew, Despite Years of Red Flags
China Evergrande Group’s
EGRNF -5.26%
path to the brink of default was littered with financial red flags. The property giant carried…
Chinese Luxury Developer Fantasia Fails to Repay $206 Million Dollar Bond
SINGAPORE—
Fantasia Holdings Group Co.
1777 1.82%
, a developer of luxury apartments in China, said it didn’t make a $206 million U.S.…
Evergrande to Raise $1.5 Billion by Selling Bank Stake to State-Owned Firm
A Chinese state-owned enterprise struck a deal to buy most of
China Evergrande Group’s
EGRNF 5.00%
stake in a commercial bank for $1.5…
Evergrande Bondholders Mull Next Steps in Wake of Missed Payment
The cash-strapped developer has another $45 million bond interest payment due on Wednesday, and investors believe Evergrande is unlikely to come up with the cash given its lack of public…